Publish Date: 17/02/2025
February 17, 2025 – The Australian government has announced a two-year ban on foreign investors purchasing existing residential properties, effective April 1, 2025. The move aims to improve housing availability for local buyers amid growing concerns over affordability and supply shortages.
The ban is expected to free up approximately 1,800 properties annually, redirecting them toward domestic buyers. This decision comes as housing affordability becomes a key issue ahead of the upcoming general election, with rising dissatisfaction among Australians struggling to enter the property market.
By restricting foreign investment in existing homes, the government seeks to ease pressure on the housing sector while prioritizing local ownership. Further details on implementation and potential exemptions are expected in the coming months.
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